Dutch Bros Inc. (NYSE:BROS) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,824 shares of the company’s stock after selling 11,783 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Dutch Bros were worth $2,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hollencrest Capital Management raised its position in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the period. Creative Planning increased its stake in shares of Dutch Bros by 5.6% during the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares in the last quarter. Keudell Morrison Wealth Management raised its position in shares of Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC boosted its holdings in Dutch Bros by 7.7% in the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of Dutch Bros stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the sale, the insider now directly owns 432,518 shares in the company, valued at approximately $13,849,226.36. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,095,377 shares of company stock worth $36,392,066. Company insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS stock opened at $52.61 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a market capitalization of $8.11 billion, a PE ratio of 181.41, a price-to-earnings-growth ratio of 3.74 and a beta of 2.47. The firm’s 50-day moving average is $36.53 and its two-hundred day moving average is $36.31. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $52.98.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. Analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BROS shares. Barclays raised their target price on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Robert W. Baird increased their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.